Tec-Do Raises over CNY 100 Mn in Series B+ Invested by Eastern Bell Capital

On February 28, Tec-Do announced it raised CNY hundreds of millions from series B+ financing, which Eastern Bell Capital and Index Capital invested as the exclusive financial adviser. After this round of funding, as a SaaS company based on big data and Bi, Tec-Do will continue to increase investment, improve customer service capability and marketing technology, and help the enterprise build an overseas ecosystem based on providing universal solutions and global growth platforms for domestic brands.

Since its establishment in 2017, Tec-Do has complied with the trend and given the difficulties in the overseas development of Chinese companies in recent years, Tec-Do takes tools and platforms as the main starting point to help Chinese brands, especially medium-sized companies, develop the global market. Before this financing round, Tec-Do has completed five rounds of funding from many well-known investment companies, including IDG Capital, K2VC, Xinli capital, GoldenSand Capital.

In recent years, under the dual influence of domestic and foreign environment and policies, the company has helped numerous Chinese companies expand overseas markets and ushered in the rapid development of the industry. According to the General Administration of Customs statistics and the analysis of EqualOcean data, the cross-border E-commerce transaction scale of China's exports will reach CNY 7.73 trillion in 2021. It is expected that the current growth trend of the whole market will continue in the next three years, and the transaction scale may exceed CNY 9 trillion.